Reuters: Global Markets: Thai Beverage shares at record high after truce with Heineken

Reuters: Global Markets Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Thai Beverage shares at record high after truce with Heineken Sep 19th 2012, 04:15 SINGAPORE | Wed Sep 19, 2012 12:15am EDT SINGAPORE (Reuters) - Shares of Thai Beverage PCL (TBEV.SI) jumped as much as 20 percent to a record on Wednesday after the brewer agreed to support the sale of Fraser and Neave Ltd's (FRNM.SI) stake in Asia Pacific Breweries (APBB.SI) to rival Heineken NV (HEIN.AS). As of 0357 GMT, Thai Beverage shares were up 17.4 percent at S$0.405, with over 112.5 million shares traded. That was 2.5 times the stock's average daily volume over the last five sessions. Thai Beverage is F&N's biggest shareholder.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions